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Terry Flew & Stephen Mcelhinney

In: Handbook of New Media: Social Shaping and Consequences of ICTs

Chapter 18: Globalization and the Structure of New Media Industries

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Globalization and the Structure of New Media Industries
Globalization and the structure of new media industries
Terry FlewStephen Mcelhinney
Globalization and the Media

Globalization is a term used to describe, and make sense of, a series of interrelated processes including:

  • internationalization of production, trade and finance, with the rise of multinational corporations, reductions in cross-border tariffs upon flows of goods and services, the deregulation of financial markets, and the rise of Internet-based electronic commerce;
  • international movements of people (as immigrants, guest workers, refugees, tourists, students and expert advisers), the development of diasporic and emigrant communities, and the increasingly multicultural nature of national societies;
  • international communications flows, delivered through telecommunications, information and media technologies such as broadband cable, satellite and the Internet, which facilitate transnational circulation of cultural commodities, texts, images ...

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